Alkami Technology Inc [ALKT] stock prices are up 0.25% to $39.71 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ALKT shares have gain 4.06% over the last week, with a monthly amount glided 7.62%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Alkami Technology Inc [NASDAQ: ALKT] stock has seen the most recent analyst activity on January 23, 2024, when Goldman downgraded its rating to a Neutral and also boosted its price target to $27 from $23. Previously, Stephens downgraded its rating to Equal-Weight on December 07, 2023, and elevated its price target to $24. On July 12, 2023, Goldman initiated with a Buy rating and assigned a price target of $21 on the stock. Lake Street started tracking the stock assigning a Buy rating and suggested a price target of $21 on June 27, 2023. Craig Hallum initiated its recommendation with a Buy and recommended $25 as its price target on June 08, 2023. JP Morgan started tracking with a Overweight rating for this stock on May 09, 2023, and assigned it a price target of $15. In a note dated September 15, 2022, Stephens initiated an Overweight rating and provided a target price of $18 on this stock.
The stock price of Alkami Technology Inc [ALKT] has been fluctuating between $22.62 and $42.29 over the past year. Currently, Wall Street analysts expect the stock to reach $45.67 within the next 12 months. Alkami Technology Inc [NASDAQ: ALKT] shares were valued at $39.71 at the most recent close of the market. An investor can expect a potential return of 15.01% based on the average ALKT price forecast.
Analyzing the ALKT fundamentals
The Alkami Technology Inc [NASDAQ:ALKT] reported sales of 315.56M for trailing twelve months, representing a surge of 26.89%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at -0.15%, Pretax Profit Margin comes in at -0.15%, and Net Profit Margin reading is -0.15%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.14 and Total Capital is -0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 39.18 points at the first support level, and at 38.64 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.23, and for the 2nd resistance point, it is at 40.74.
Ratios To Look Out For
It’s worth pointing out that Alkami Technology Inc [NASDAQ:ALKT]’s Current Ratio is 3.27. On the other hand, the Quick Ratio is 3.27, and the Cash Ratio is 1.69. Considering the valuation of this stock, the price to sales ratio is 12.55, the price to book ratio is 11.79.
Transactions by insiders
Recent insider trading involved W. Bryan Hill, Officer, that happened on Dec 16 ’24 when 0.2 million shares were purchased. Chief Legal Officer, Linebarger Douglas A. completed a deal on Dec 12 ’24 to sell 50000.0 shares. Meanwhile, Officer DOUGLAS A. LINEBARGER bought 50000.0 shares on Dec 12 ’24.
